Further to this morning’s earlier Slogpost….
The spread between Spanish bonds and DeutscheBunds is now broader than it’s been since mid February. The yield on Spain’s 10-year bond rose to 5.36 percent, also the highest since February. Spain’s borrowing rates rose to nearly 7 percent in November.
But Bernanke says it’s ok, because he’s done his stress tests.
You remember stress tests…..
Well, German bankers think Ben’s backside is doing the talking at the moment.